“Crypto-asset service providers that deliver critical functions should be licensed or authorized. These would include storage, transfer, settlement and custody of reserves and assets, among others, similar to existing rules for financial service providers.” Source link … [Read more...] about IMF Outlines Need for Global Approach to Crypto Regulation
IMF
El Salvador: Who Needs the IMF When You Have Bitcoin?
Christopher Nolan’s third Batman film, “The Dark Knight Rises,” is generally considered the weakest entry in the series, in part because it’s so easily read as a celebration of neoliberal authoritarianism. The film’s plot has the villain, Bane, take over Gotham City, wipe out all financial ledgers and reign over a kind of mega-Occupy movement. To fight back, Batman engages in a … [Read more...] about El Salvador: Who Needs the IMF When You Have Bitcoin?
Bitcoin Should Not Be Legal Tender in El Salvador: IMF
Although the IMF’s technical analysis did not include the bond announcement, the financial institution said El Salvador’s plans to buy more bitcoin following the bond issuance, along with increasing its bitcoin exposure, “will require a very careful analysis of implications for, and potential risks to, financial stability.” Source link … [Read more...] about Bitcoin Should Not Be Legal Tender in El Salvador: IMF
Are El Salvador’s Bitcoin ‘Volcano Bonds’ an End Run Around the IMF?
This episode is sponsored by NYDIG.Download this episodeToday on “The Breakdown,” a check in on El Salvador, where President Nayib Bukele has just announced “Bitcoin City,” a new community that will feature no income or capital gains tax and be designed to attract talent from around the world. The effort is being funded in part by a $1 billion bond that some are calling the … [Read more...] about Are El Salvador’s Bitcoin ‘Volcano Bonds’ an End Run Around the IMF?
Nigeria’s eNaira stablecoin becomes focus of new IMF report
Nigeria’s central bank digital currency project, eNaira, is drawing attention and interest of leading financial institutions and it also gaining traction amongst other country’s central banks looking to initiate a similar project according to a report released by the International Monetary Fund (IMF)eNaira to boost remittanceThe report, authored by economist Jack Ree, explained … [Read more...] about Nigeria’s eNaira stablecoin becomes focus of new IMF report